Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2015

Summary of Results for Reportable Segments

All intercompany transactions have been eliminated to determine the consolidated balances. The results for the two reportable segments of the Company are included in the tables below.

						All
	FUSB			ALC		Other			Eliminations			Consolidated
	(Dollars in Thousands)
For the three months ended March 31, 2015:
Net interest income	$	3,844		$	2,861	$	2		$	—		$	6,707
Provision (reduction in reserve) for loan losses		(525	)		359	—			—				(166	)
Total non-interest income		1,149			220		1,113			(1,191	)		1,291
Total non-interest expense		4,281			2,493		356			(153	)		6,977
Income before income taxes		1,237			229		759			(1,038	)		1,187
Provision for income taxes		370			86		(105	)	—				351
Net income	$	867		$	143	$	864		$	(1,038	)	$	836
Other significant items:
Total assets	$	567,318		$	75,124	$	82,175		$	(159,735	)	$	564,882
Total investment securities		249,784		—			80		—				249,864
Total loans, net		231,778			70,786	—				(63,346	)		239,218
Investment in subsidiaries		5		—			76,865			(76,865	)		5
Fixed asset addition		1,241			162	—			—				1,403
Depreciation and amortization expense		153			60	—			—				213
Total interest income from external customers		3,578			3,743	—			—				7,321
Total interest income from affiliates		882		—			2			(884	)	—

						All
	FUSB			ALC		Other		Eliminations			Consolidated
	(Dollars in Thousands)
For the three months ended March 31, 2014:
Net interest income	$	4,087		$	3,112	$	2	$	—		$	7,201
Provision (reduction in reserve) for loan losses		(175	)		589		—		—			414
Total non-interest income		931			286		1,043		(1,113	)		1,147
Total non-interest expense		4,330			2,556		208		(210	)		6,884
Income before income taxes		863			253		837		(903	)		1,050
Provision for income taxes		176			99		1		—			276
Net income	$	687		$	154	$	836	$	(903	)	$	774
Other significant items:
Total assets	$	577,804		$	68,625	$	77,515	$	(148,228	)	$	575,716
Total investment securities		189,826			—		80		—			189,906
Total loans, net		268,000			65,438		—		(56,721	)		276,717
Investment in subsidiaries		784			—		72,416		(73,195	)		5
Fixed asset addition		708			13		—		—			721
Depreciation and amortization expense		128			52		—		—			180
Total interest income from external customers		3,969			3,877		—		—			7,846
Total interest income from affiliates		765			—		3		(768	)		—

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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